| Based on the era background of achieving the goal of "carbon peak,carbon neutral" and high-quality economic development,as the first carrier of green finance,whether green credit can help achieve carbon emission reduction is of great strategic significance for promoting high-quality economic development.However,the existing research on how to achieve carbon emission reduction by green credit is not perfect,and the mechanism and path of how green credit affects carbon emission are not comprehensive.In order to give better play to the green attribute of green credit,strengthen the role of green credit in carbon emission reduction,and serve the goal of "carbon peak,carbon neutral",the author puts forward the research theme of this paper: research on carbon emission reduction effect of green credit.This article reviews and summarizes existing relevant literature,analyzes the connotation of green credit in China,its impact on carbon emissions,and the path of achieving carbon reduction through green credit.It further elaborates on the mechanism and theoretical logic of green credit in achieving carbon reduction.On the basis of literature review,this paper puts forward the research hypothesis of this paper through theoretical analysis and theoretical model construction,and carries out relevant empirical tests using the provincial panel data of 30 provinces in the country from 2008 to 2020,which provides solid empirical evidence for the theoretical analysis and theoretical model promotion of this paper.The empirical test results show that green credit has a significant inhibitory effect on carbon emissions,including the following three action paths: the adjustment of industrial structure,the decline in the proportion of fossil energy such as coal in the energy consumption structure,and green innovation.In addition,the improvement of marketization level can significantly enhance the inhibition effect of green credit carbon on carbon emissions.Secondly,the carbon emission reduction effect of green credit is heterogeneous,with a relatively high proportion in the secondary industry,a high level of carbon emissions per capita,and a more significant inhibition effect of green credit on carbon emissions in provinces in the eastern economic region of China.According to the empirical test results,this paper puts forward the following suggestions: First,China should vigorously develop green credit,guide funds to enter clean and low-carbon industries,accelerate the transformation of industrial structure of low-carbon and environmental protection through green credit,realize the replacement of clean energy to traditional fossil energy,and improve the level of green innovation to achieve carbon emission reduction.Second,we should speed up the process of marketization,optimize the allocation of market resources,strengthen the supervision of green projects,guide funds to enter the green environmental protection industry,and enhance the carbon emission reduction role of green credit.Third,we should increase the green credit in the eastern economic region of China,the provinces where the secondary industry accounts for a large proportion and the per capita carbon emission level is high,to help achieve the carbon peak at an early date. |
